However City fund manager Gervais Williams, who heads equities at Premier Miton, said a string of IPO duds had left many sceptical about the quality of new listings.
“We’ve had a series of pretty rubbish IPOs,” he said.
“Whatever reason it isn’t working as well as it could do, especially given that supposedly we’re high grading the IPOs, given there aren’t that many of them.”
Significant IPOs in the London market, such as CAB Payments, have burned many fund managers. The stock, seen as a possible catalyst for a listing revival last year, has fallen 60pc since floating.
Looking ahead, the prospects of London attracting significant IPOs in future looks uncertain.
The possible listing of Unilever’s ice cream division could be a candidate for London, but chief executive Hein Schumacher recently said that Amsterdam was in the lead for any listing.
CVC, the private equity firm behind the Six…
